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In Order to Use Macrolevel Bases of Segmentation, the Business

question 35

True/False

In order to use macrolevel bases of segmentation, the business marketer must move beyond secondary sources of information by soliciting input from the sales force or by conducting a special market segmentation study.


Definitions:

Foreign Travel

The activity of traveling outside one's home country for leisure, business, or other purposes.

Quantity Demanded

The amount of a good or service consumers are willing and able to purchase at a given price.

Price Elasticity

A gauge of the reaction in the quantity of a good sought after to adjustments in its price level.

Quantity Demanded

The specific amount of a product that consumers are willing and able to buy at a certain price at a given time.

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